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In August 2008, CVS Caremark purchased Longs Drugs Stores for $2.7 billion. In 2009, CVS Caremark agreed to pay $2.25 million to settle alleged unfair trade practices and alleged violations of the privacy protections under the Health Insurance Portability and Accountability Act of 1996.
He began working for CVS in 1978 as an in-store pharmacist. He was its CEO from 1998 to 2011. While CEO of CVS Caremark in 2009, he earned a total compensation of $16,231,292, which included a base salary of $1,400,000, a cash bonus of $3,512,526, stocks granted of $6,425,007, and options granted of $4,625,000.
As of December 2009, CVS Caremark had over 7,000 locations. In 2004 CVS purchased 1,268 Eckerd drug stores and Eckerd Health Services, a PBM/mail-order pharmacy business, from J. C. Penney. Most of the former Eckerd stores, which were converted to CVS stores by June, are located in Florida, Texas, and other southern states. Because JCPenney ...
CVS Caremark has been aggressively trying to grow its pharmacy-benefits-management business after suffering from some major setbacks in 2009-2010. High-profile contracts from CalPERS, Medco Health ...
In their quest to find great investments, most investors focus on earnings to gauge a company's financial strength. This is a good start, but earnings can be misleading and incomplete. To get a ...
Shares of CVS Caremark (NYS: CVS) hit a 52-week high today. Let's look at how it got here and whether clear skies are ahead. How it got hereThe demise of the health-care business has been greatly ...
CVS Health Corporation. CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world's second largest ...
Earlier this month, CVS Caremark (NYS: CVS) posted flat second-quarter profits as the drug retailer benefited from increased revenue from its drug management business. Here's a look back at what ...